Comprehensive Stock Comparison
Compare Chewy, Inc. (CHWY) vs Amazon.com, Inc. (AMZN) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | AMZN | 12.4% revenue growth vs CHWY's 6.4% |
| Value | AMZN | Lower P/E (27.0x vs 52.2x) |
| Quality / Margins | AMZN | 10.8% net margin vs CHWY's 1.2% |
| Stability / Safety | CHWY | Beta 0.74 vs AMZN's 1.31 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | AMZN | -1.1% vs CHWY's -26.4% |
| Efficiency (ROA) | AMZN | 9.5% ROA vs CHWY's 4.8%, ROIC 14.7% vs 28.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Chewy is a pure-play online retailer of pet food, supplies, and medications in the United States. It generates revenue primarily through direct e-commerce sales of pet products — including its own private label brands — with additional income from its Autoship subscription service and pharmacy operations. The company's competitive advantage lies in its deep customer loyalty, driven by exceptional customer service and a highly convenient recurring delivery model that creates strong switching costs.
Amazon is a global e-commerce and technology giant that operates online marketplaces, physical stores, and cloud computing services. It generates revenue primarily from online retail sales (~80% of total), Amazon Web Services cloud computing (~15%), and advertising/subscription services like Prime. Its key competitive advantage is an immense logistics network and data infrastructure moat—including AWS's dominant cloud position—that creates massive scale economies and ecosystem lock-in.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
AMZN leads in 3 of 6 categories (Financial Metrics, Valuation Metrics). CHWY leads in 1 (Profitability & Efficiency). 1 tied.
Financial Metrics (TTM)
AMZN is the larger business by revenue, generating $716.9B annually — 58.1x CHWY's $12.3B. AMZN is the more profitable business, keeping 10.8% of every revenue dollar as net income compared to CHWY's 1.2%. On growth, AMZN holds the edge at +13.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CHWYChewy, Inc. | AMZNAmazon.com, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $12.3B | $716.9B |
| EBITDAEarnings before interest/tax | $313M | $126.3B |
| Net IncomeAfter-tax profit | $151M | $77.7B |
| Free Cash FlowCash after capex | $463M | $7.7B |
| Gross MarginGross profit ÷ Revenue | +29.5% | +50.3% |
| Operating MarginEBIT ÷ Revenue | +1.3% | +11.2% |
| Net MarginNet income ÷ Revenue | +1.2% | +10.8% |
| FCF MarginFCF ÷ Revenue | +3.8% | +1.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.6% | +13.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -79.4% | +4.8% |
Valuation Metrics
At 29.3x trailing earnings, AMZN trades at a 3% valuation discount to CHWY's 30.1x P/E. On an enterprise value basis, AMZN's 18.4x EV/EBITDA is more attractive than CHWY's 49.6x.
| Metric | CHWYChewy, Inc. | AMZNAmazon.com, Inc. |
|---|---|---|
| Market CapShares × price | $11.4B | $2.25T |
| Enterprise ValueMkt cap + debt − cash | $11.3B | $2.32T |
| Trailing P/EPrice ÷ TTM EPS | 30.13x | 29.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 52.23x | 27.03x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.05x |
| EV / EBITDAEnterprise value multiple | 49.63x | 18.38x |
| Price / SalesMarket cap ÷ Revenue | 0.96x | 3.14x |
| Price / BookPrice ÷ Book value/share | 45.20x | 5.55x |
| Price / FCFMarket cap ÷ FCF | 25.12x | 292.96x |
Profitability & Efficiency
CHWY delivers a 38.8% return on equity — every $100 of shareholder capital generates $39 in annual profit, vs $19 for AMZN. AMZN carries lower financial leverage with a 0.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to CHWY's 1.92x. On the Piotroski fundamental quality scale (0–9), CHWY scores 7/9 vs AMZN's 6/9, reflecting strong financial health.
| Metric | CHWYChewy, Inc. | AMZNAmazon.com, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +38.8% | +18.9% |
| ROA (TTM)Return on assets | +4.8% | +9.5% |
| ROICReturn on invested capital | +28.0% | +14.7% |
| ROCEReturn on capital employed | +12.0% | +15.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 1.92x | 0.37x |
| Net DebtTotal debt minus cash | -$93M | $66.2B |
| Cash & Equiv.Liquid assets | $596M | $86.8B |
| Total DebtShort + long-term debt | $502M | $153.0B |
| Interest CoverageEBIT ÷ Interest expense | 35.37x | 42.78x |
Total Returns (with DRIP)
A $10,000 investment in AMZN five years ago would be worth $13,349 today (with dividends reinvested), compared to $2,616 for CHWY. Over the past 12 months, AMZN leads with a -1.1% total return vs CHWY's -26.4%. The 3-year compound annual growth rate (CAGR) favors AMZN at 30.6% vs CHWY's -12.2% — a key indicator of consistent wealth creation.
| Metric | CHWYChewy, Inc. | AMZNAmazon.com, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -18.1% | -7.3% |
| 1-Year ReturnPast 12 months | -26.4% | -1.1% |
| 3-Year ReturnCumulative with dividends | -32.4% | +122.9% |
| 5-Year ReturnCumulative with dividends | -73.8% | +33.5% |
| 10-Year ReturnCumulative with dividends | -21.6% | +660.0% |
| CAGR (3Y)Annualised 3-year return | -12.2% | +30.6% |
Risk & Volatility
CHWY is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than AMZN's 1.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AMZN currently trades 81.2% from its 52-week high vs CHWY's 56.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CHWYChewy, Inc. | AMZNAmazon.com, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 1.31x |
| 52-Week HighHighest price in past year | $48.62 | $258.60 |
| 52-Week LowLowest price in past year | $23.52 | $161.38 |
| % of 52W HighCurrent price vs 52-week peak | +56.4% | +81.2% |
| RSI (14)Momentum oscillator 0–100 | 47.3 | 39.9 |
| Avg Volume (50D)Average daily shares traded | 6.4M | 40.7M |
Analyst Outlook
Wall Street rates CHWY as "Buy" and AMZN as "Buy". Consensus price targets imply 68.2% upside for CHWY (target: $46) vs 35.2% for AMZN (target: $284).
| Metric | CHWYChewy, Inc. | AMZNAmazon.com, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $46.11 | $283.97 |
| # AnalystsCovering analysts | 37 | 94 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +8.3% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Chewy, Inc. (CHWY) | 100 | 98.13 | -1.9% |
| Amazon.com, Inc. (AMZN) | 100 | 248.68 | +148.7% |
Amazon.com, Inc. (AMZN) returned +33% over 5 years vs Chewy, Inc. (CHWY)'s -74%. A $10,000 investment in AMZN 5 years ago would be worth $13,349 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Chewy, Inc. (CHWY) | $901M | $11.9B | +1217.1% |
| Amazon.com, Inc. (AMZN) | $136.0B | $716.9B | +427.2% |
Amazon.com, Inc.'s revenue grew from $136.0B (2016) to $716.9B (2025) — a 20.3% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Chewy, Inc. (CHWY) | -11.9% | 3.3% | +127.8% |
| Amazon.com, Inc. (AMZN) | 1.7% | 10.8% | +521.4% |
Amazon.com, Inc.'s net margin went from 2% (2016) to 11% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Chewy, Inc. (CHWY) | 309 | 36.8 | -88.1% |
| Amazon.com, Inc. (AMZN) | 188.6 | 32.2 | -82.9% |
Chewy, Inc. has traded in a 37x–309x P/E range over 3 years; current trailing P/E is ~30x. Amazon.com, Inc. has traded in a 32x–189x P/E range over 8 years; current trailing P/E is ~29x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Chewy, Inc. (CHWY) | -0.27 | 0.91 | +437.0% |
| Amazon.com, Inc. (AMZN) | 0.25 | 7.17 | +2768.0% |
Amazon.com, Inc.'s EPS grew from $0.25 (2016) to $7.17 (2025) — a 45% CAGR.
Chart 6Free Cash Flow — 5 Years
Chewy, Inc. generated $452M FCF in 2024 (+5190% vs 2021). Amazon.com, Inc. generated $8B FCF in 2025 (+152% vs 2021).
CHWY vs AMZN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CHWY or AMZN a better buy right now?
Amazon.com, Inc. (AMZN) offers the better valuation at 29.3x trailing P/E (27.0x forward), making it the more compelling value choice. Analysts rate Chewy, Inc. (CHWY) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CHWY or AMZN?
On trailing P/E, Amazon.com, Inc. (AMZN) is the cheapest at 29.3x versus Chewy, Inc. at 30.1x. On forward P/E, Amazon.com, Inc. is actually cheaper at 27.0x.
03Which is the better long-term investment — CHWY or AMZN?
Over the past 5 years, Amazon.com, Inc. (AMZN) delivered a total return of +33.5%, compared to -73.8% for Chewy, Inc. (CHWY). A $10,000 investment in AMZN five years ago would be worth approximately $13K today (assuming dividends reinvested). Over 10 years, the gap is even starker: AMZN returned +660.0% versus CHWY's -21.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CHWY or AMZN?
By beta (market sensitivity over 5 years), Chewy, Inc. (CHWY) is the lower-risk stock at 0.74β versus Amazon.com, Inc.'s 1.31β — meaning AMZN is approximately 76% more volatile than CHWY relative to the S&P 500. On balance sheet safety, Amazon.com, Inc. (AMZN) carries a lower debt/equity ratio of 37% versus 192% for Chewy, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — CHWY or AMZN?
Amazon.com, Inc. (AMZN) is the more profitable company, earning 10.8% net margin versus 3.3% for Chewy, Inc. — meaning it keeps 10.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AMZN leads at 11.2% versus 0.9% for CHWY. At the gross margin level — before operating expenses — AMZN leads at 50.3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is CHWY or AMZN more undervalued right now?
On forward earnings alone, Amazon.com, Inc. (AMZN) trades at 27.0x forward P/E versus 52.2x for Chewy, Inc. — 25.2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CHWY: 68.2% to $46.11.
07Which pays a better dividend — CHWY or AMZN?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is CHWY or AMZN better for a retirement portfolio?
For long-horizon retirement investors, Chewy, Inc. (CHWY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.74)). Both have compounded well over 10 years (CHWY: -21.6%, AMZN: +660.0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CHWY and AMZN?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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